Thoroughbred Financial Services LLC Purchases Shares of 2,402 The Brink’s Company (NYSE:BCO)

Thoroughbred Financial Services LLC acquired a new position in shares of The Brink’s Company (NYSE:BCO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,402 shares of the business services provider’s stock, valued at approximately $245,000.

Other hedge funds also recently modified their holdings of the company. Arizona State Retirement System grew its position in Brink’s by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock worth $1,282,000 after acquiring an additional 140 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Brink’s by 0.3% in the first quarter. Retirement Systems of Alabama now owns 56,573 shares of the business services provider’s stock valued at $5,226,000 after buying an additional 148 shares in the last quarter. Covestor Ltd lifted its position in Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock worth $29,000 after buying an additional 192 shares in the last quarter. Natixis Advisors LLC lifted its position in Brink’s by 0.9% during the 2nd quarter. Natixis Advisors LLC now owns 21,543 shares of the business services provider’s stock worth $2,206,000 after buying an additional 199 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Brink’s by 2.2% during the 1st quarter. ProShare Advisors LLC now owns 10,235 shares of the business services provider’s stock worth $946,000 after acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. William Blair initiated coverage on shares of Brink’s in a research report on Tuesday, May 21st. They set an “outperform” rating on the stock. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Brink’s has an average rating of “Buy” and an average price target of $106.50.

Brink’s Stock Performance

Brink’s stock opened at $110.71 on Wednesday. The Brink’s Company has a 1 year low of $64.15 and a 1 year high of $113.63. The company’s 50-day moving average is $105.04 and its two-hundred day moving average is $97.77. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78. The company has a market cap of $4.89 billion, a PE ratio of 42.42 and a beta of 1.43.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.20. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $1.18 earnings per share. Equities analysts anticipate that The Brink’s Company will post 7.51 earnings per share for the current year.

Brink’s Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, July 29th were paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 0.88%. The ex-dividend date was Monday, July 29th. Brink’s’s payout ratio is 37.16%.

Brink’s Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.